SETTLEMENT AGREEMENTSettlement Agreement • August 12th, 2014 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered • Massachusetts
Contract Type FiledAugust 12th, 2014 Company Industry JurisdictionThis Settlement Agreement (the “Agreement”) is entered into as of August 5, 2014 by and among Maurice H. Sullivan, Jr. (the “Executive”), Independent Bank Corp., a Massachusetts corporation, and Rockland Trust Company, a wholly owned subsidiary of Independent Bank Corp. (collectively, “Buyer”), Peoples Federal Bancshares, Inc., a Maryland corporation (“Seller”) and Peoples Federal Savings Bank, a wholly owned subsidiary of the Seller (“Seller Bank”).
SETTLEMENT AGREEMENTSettlement Agreement • August 12th, 2014 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered • Massachusetts
Contract Type FiledAugust 12th, 2014 Company Industry JurisdictionThis Settlement Agreement (the “Agreement”) is entered into as of August 5, 2014 by and among Thomas J. Leetch, Jr. (the “Executive”), Independent Bank Corp., a Massachusetts corporation, and Rockland Trust Company, a wholly owned subsidiary of Independent Bank Corp. (collectively, “Buyer”), Peoples Federal Bancshares, Inc., a Maryland corporation (“Seller”) and Peoples Federal Savings Bank, a wholly owned subsidiary of the Seller (“Seller Bank”).